Hi folks and Peony
Good signs are certainly appearing . As of my last charting post for SPL I was looking for a higher high. well we got there today at 1.495.
So , so far we have had a low at 1.14 , then a higher low at 1.23 , then again a higher low 1.30. In the future we absolutely don't need the next low to be below 1.30. Here hoping.
Next the highs. The last high on the downside in late Aug was was 1.32, Since then we have posted a higher high in early Sep of 1.335, followed by another higher high late Sep of 1.43. Currently on our third run up which reached 1.495 today, maybe more to come, Who knows?
Another thing that I want to point out on my chart below is the potential cup and handle pattern, which I have seen successfully play out many times.
Notice that there are few other cup and handle patterns playing out in the future.
Barring market corrections things are looking good with the SPL charts.
Just the way I deal with the markets so that I am not surprised at what play out . As always DYOR.
cheers Lies
